Australian (ASX) Stock Market Forum

Bypass $500 'minimum marketable parcel'?

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Tech is 100% correct. You are way way late to the party. As it stands, PO3 is up 864% from its original breakout from $0.50.

Let it be known, the following opinion is based on short term swing time frame (2 days to 2 weeks hold time). I don't consider fundamentals.

OPINION: Short term, medium term, and long term trends are all up. Great. Price bumping into resistance between 5.10 - 5.38 currently and has recaptured and is holding above the 9EMA. Price action tightening right up here too, making for a nice R:R entry point. Volume looking good, expansion on up moves, decreasing on pullbacks.

After seeing techs post I have decided not to disclose my entry and iSL prices (if I were to trade this stock) in case this inadvertently influences a decision.

CHART:
PO3.JPG
 
Cam019 said:
Tech is 100% correct. You are way way late to the party. As it stands, PO3 is up 864% from its original breakout from $0.50.

Let it be known, the following opinion is based on short term swing time frame (2 days to 2 weeks hold time). I don't consider fundamentals.

OPINION: Short term, medium term, and long term trends are all up. Great. Price bumping into resistance between 5.10 - 5.38 currently and has recaptured and is holding above the 9EMA. Price action tightening right up here too, making for a nice R:R entry point. Volume looking good, expansion on up moves, decreasing on pullbacks.

After seeing techs post I have decided not to disclose my entry and iSL prices (if I were to trade this stock) in case this inadvertently influences a decision.

CHART:
View attachment 91314
Click to expand...

Haha Cam, I don't even know what an iSL price is - and neither does google apparently!
I'm assuming it's the price you would bail out?

One question: where would one see NEW stocks that might be worth following upward?
I.E Where would someone have been able to see P03 when it first listed?
And what are the top criteria one would use to judge if it might rise (quickly)?
(Even a url would be great!)

(I was about to apol if it was a dumb Q, but then I realised this is of course the n00b's lounge! :) )
 
tech/a said:
I’m a chartist
Everything other than the chart to me is chatter

You tell me when to buy it
If after that it drops $100 of the original $500 I’ll close it
If it’s in profit you tell me when to sell it
Or after 12 mths I’ll sell it and you get the profit

My risk is $106 including brokerage
I won’t lose sleep over it so let me know when you want to buy it

Personally I think your feeling paralysis by analysis so I’ll post my chart
AFTER you buy it!
Click to expand...

Hey Tech that's very interesting - I've always been interested in Buffet's approach but for you that's all irrelevant, and you just chart (I'm assuming) price and volume!
It's like a whole new world !

I would like to read up on the stock a little over the rest of the weekend, because:
1) It would be educational - including any Q&As on the thread here
(For example, my curiosity has already been piqued to learn what 'consolidation' is, REALLY...I've heard competing views...)
2) I should do some 'work' myself to receive such kindness from you!
3) The small chance that even a newbie like me could find something useful about the stock that you all would find interesting

(Given what we've said about learning something in the process, I do wonder why you feel I might be in 'paralysis'? Is there something I'm missing? Should I be getting right to it?)

So if it's fine can we hit the GO (or even stop!) button on Sunday night?! :)
 
A SPECIAL THANK YOU: thanks for the spice of life!

In all sincerity I want to thank TECH/A, my friend and you all for starting this adventure for me.

Life has been a little humdrum recently, but in the last couple of days, the combination of:

- the generosity and boldness of Tech's offer, which has definitely been one of those 'restore your faith in humanity' moments
- the opening up of a whole new vista/world: the stockmarket, a world of possibility and interesting application of one's mind

...these two things have given me a big leap in my sense of what's possible in life.

It's been quite exciting and uplifting for me!
A whole new world, of possibilities - that is very stimulating to my mind!

Even if I never involved myself in another trade, I reckon that just watching what this share does over the next few months will add a nice chunk of extra excitement and interest in my life, and will prompt me to learn quite a few things on the way. (It's already doing it! As you can see from my post here!)

I can see that having something CONCRETE to prompt someone's learning makes a massive difference.

So thanks TECH! And thanks to my friend and everyone else who has responded!
You've really added some spice to my life !
 
I LOVE THIS FORUM !

I also want to thank Joe too actually...I've used ALOT of forums in my life, including ones like Whirlpool and plenty of ones overseas. (Mostly to briefly ask questions, and even occasionally answer one I stumbled across!)

Even in the very short time I've used this one, it's become the most impressive one I've ever used.

I love the sincerity, seriousness, thoughtfulness, helpfulness and non-flamey/trolly friendliness of the people...

(Would it be too Un-PC to say as well: I really feel that some of these qualities are things our Aussie culture has in abundance..)

(Indeed: I think the general honesty and good naturedness of Aussies is something we could use to our advantage in international markets - as we are already doing with baby milk formula)
 
Tim, you're looking for a $5 stock to go to $20 in a few years, and you want to buy less than 100 shares.
Tech's offer is very generous, but may be relied upon
 
Logique said:
Tim, you're looking for a $5 stock to go to $20 in a few years, and you want to buy less than 100 shares.
Tech's offer is very generous, but may be relied upon
Click to expand...


:) Yep, I'm definitely taking it up !

I just want to do some 'due diligence'/research on P03 as practice/learning before we hit the GO button!

Now is the time for me to do it, BEFORE we hit go.
The pressure of doing the research so we can buy before the next major announcement is helping me to get it done.

Afterwards there will be less psychological salience to it...
 
Haha well of course I will follow it with great interest,
but researching all the info is quite a job, esp since it's so technical !

Tech I can now totally see why you're a chartist ! :p
 
Trust me, Tim. "Charteology" is as much an Alice-through-the-looking-glass journey as other forms of analysis.

There are warrens and cul-de-sacs, fast flowing freeways and complete gridlock. And this makes sense if you think of the movement of a security as the sum of all of people's hopes and fears for that stock. And if you think of indexes as the net measure of social mood, you are trading - as much as the price level - the measure of people's biases and herding instincts.

And people will dispute my definition above which is exactly my point. The market is made of infinite ideas and feelings and ways to exploit movements.

Its a very interesting journey that has taught me a lot about myself. And it's a journey that continues...

If you get to the point where you want to trade like you're running a business, reading Van Tharp's "Trade Your Way to Financial Freedom" and following Peter2's trading threads on here is an excellent and educational journey.

But Robert Miner's "Dynamic Trading is very good too.

So are the guys and gals on here. Some are seriously good!
 
Hey Tech, Let's GO ! :)

I've looked into it as much as I am able within a reasonable time period and I think the fundamentals are at least decent.

As the Beer & Co valuation says, they have a solid technology - it just depends on the execution.

I also don't feel that Parfet would have put $9 Million into it and become a director (one of only two companies he's on - even with the sex scandal) if it was a dog.

Perhaps its fast rise is over but I think there could be more potential, and it's likely to go up even short-term with the release of the reports.

:)

Thanks so much for taking me on this journey so far Tech ! :)
 
Ok just off the golf course so we will put in a buy tomorrow
In the morning I’ll post up my “ Chartology Analysis “

Will post the IB position when it’s filled at market.

Good luck Tim
 
Oh, wonderful golf...haven't played it since I was a teenager.
On the cusp of adulthood, we used to get off the course and have a combination of chips from the junk food dispenser, and beer !

If you're ever in Sydney you should check out the courses at Toukley and The Entrance.
The Entrance is by the sea and you share the course with rabbits in the afternoon...Toukley has lovely wide fairways and is very peaceful...though its been a while since I've been to these courses !

Thanks so much for this adventure Tech !
It's been a moment of good-natured humanity and educational too!

I'd be very interested to see your chart analysis - for one thing it will help me learn what that's all about !

I assume IB position means buy price?
 

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